Miles from a balance transfers?
Jun 22, 2009 | 3:50 pm
#2
Join Date: Feb 2001
Location: Washington DC USA
Posts: 2,571
There are several airline cards offering miles for balance transfers - generally only in conjunction with a new card account. Two that come to mind are the Frontier card from Juniper/Barclays, and the Southwest card from Chase.
Jun 22, 2009 | 3:56 pm
#3
Original Poster
Join Date: Dec 2007
Posts: 102
Neither of which are incredibly helpful as a person based out of EWR/ NYC with an interest in flying to Western Europe :-(
Jun 22, 2009 | 4:17 pm
#4
Join Date: Feb 2001
Location: Washington DC USA
Posts: 2,571
1. You could trade the Frontier/Southwest miles for something more useful to you. You're almost at the threshold of qualifying for Coupon Connection.
2. I did a search and found this thread, which gave me a better idea: pick the mile-earning card of your choice, use it to buy dollars from the mint (see this thread) with no credit card fee and no surcharge, take those dollars to the bank and use them to pay off the card you want to do a balance transfer from. The main downside is that the amount you can do here may be limited. A little more work, yes, but all good things involve some work!
Jun 22, 2009 | 5:59 pm
#5
In memoriam
Join Date: Jan 2006
Posts: 4,020
EXTREME caution is required when attempting to get miles with balance transfers since there are several ways hefty fees are hidden in various offers.
For example: a cash advance charge of 3-5% may be applied, hidden in very tiny print, or, perhaps, not even revealed in the offer.
IMHO, the balance transfer thing is no longer such a good idea. @:-) I don't do it and maybe you shouldn't either.
Now, coins from the Mint. I love that.
For example: a cash advance charge of 3-5% may be applied, hidden in very tiny print, or, perhaps, not even revealed in the offer.
IMHO, the balance transfer thing is no longer such a good idea. @:-) I don't do it and maybe you shouldn't either.
Now, coins from the Mint. I love that.